Financial Performance - Full year 2025 net income available to common shareholders (NIAC) increased 29% to $956 million, or $1.87 EPS, compared to $738 million, or $1.36 EPS in 2024[1] - Fourth quarter 2025 NIAC was $257 million, or $0.52 EPS, a 1% increase from $254 million, or $0.50 EPS in the third quarter 2025[3] - Adjusted net income rose by 13% to $1,008 million compared to $891 million in the previous year[15] - Earnings per share (EPS) increased by 38% to $1.87 from $1.36[15] - Net income attributable to common shareholders increased by 29% to $956 million from $738 million[15] - The company returned $894 million of capital to shareholders in 2025 through share repurchases at an average price of $21.16 per share[13] - The company achieved a net income of $266 million in Q4 2025, representing a 57% increase year-over-year[38] - Earnings per share (EPS) for Q4 2025 was $0.52, a 73% increase compared to $0.30 in Q4 2024[38] Revenue and Income - Total revenue for 2025 was $3.42 billion, a 7% increase from $3.19 billion in 2024[38] - Noninterest income for 2025 was $797 million, an increase of $118 million, driven by fixed income revenue growth of $18 million and mortgage banking revenue improvement of $8 million[8] - Total revenue (FTE) for Q4 2025 was $892 million, an 8% increase from Q4 2024, with total revenue for 2025 reaching $3,434 million, up 4% from 2024[41] - Adjusted total noninterest income in Q4 2025 was $212 million, a 12% increase year-over-year, with total noninterest income for 2025 reaching $797 million, up 3% from 2024[41] Interest Income and Expenses - Net interest income (FTE) for 2025 was $2.6 billion, up $110 million, or 4%, with a net interest margin improvement to 3.47%, an increase of 12 basis points from the prior year[7] - Interest income decreased to $4,200 million from $4,367 million, a decline of 4%[15] - Interest expense for Q4 2025 was $375 million, a decrease of 7% compared to Q4 2024[55] - The cost of total deposits was 1.92% in Q4 2025, down 19 basis points from Q3 2025[55] Asset and Loan Growth - Average loan and lease balances increased by $0.6 billion to $62.6 billion, with period-end loans and leases at $64.2 billion, up $1.6 billion from the previous year[10] - Total assets increased by $684 million (1%) from Q3 2025 to $83,876 million, and by $1,725 million (2%) compared to Q4 2024[51] - Loans and leases, net of unearned income rose by $1,098 million (2%) quarter-over-quarter, reaching $64,156 million, and increased by $1,590 million (3%) year-over-year[51] - Average loans grew by 1% to $62.6 billion from $62.0 billion[15] Credit Quality and Losses - Provision for credit losses expense decreased to $65 million from $150 million in 2024, with net charge-offs consistent year-over-year at $120 million[12] - Net charge-offs increased to $120 million from $112 million, a rise of 7%[15] - The allowance for loan and lease losses decreased to $738 million in 4Q25, down 5% from $777 million in 3Q25 and down 9% from $815 million in 4Q24[62] - Total nonperforming loans and leases amounted to $604 million, showing no significant change from the previous quarter[57] Efficiency and Ratios - Efficiency ratio improved to 60.66% from 62.06%, a decrease of 140 basis points[15] - The CET1 ratio at year-end 2025 was 10.64%, down from 11.20% at the end of 2024, with total capital ratio at 13.4%[13] - The effective tax rate for 2025 was 22.1%, compared to 21.0% in 2024[14] - The adjusted efficiency ratio for Q4 2025 was 60.7%, slightly improved from 61.4% in Q4 2024[41] Segment Performance - Net income for the Wholesale segment was $35 million in 4Q25, down 10% from $39 million in 3Q25, but up 59% from $22 million in 4Q24[69] - The Corporate segment reported a net loss of $73 million in 4Q25, an improvement of 14% from a loss of $85 million in 3Q25[73] - Total revenue for the Wholesale segment reached $135 million in 4Q25, a slight increase of 1% compared to $134 million in 3Q25 and a 23% increase from $111 million in 4Q24[69] Deposits and Funding - Average deposits remained flat at $65.4 billion, while period-end deposits increased by 3% to $67.5 billion compared to year-end 2024[11] - Total deposits grew by $1,952 million (3%) from Q3 2025 to $67,477 million, and increased by $1,896 million (3%) compared to Q4 2024[51] - Noninterest-bearing deposits decreased by $200 million (1%) from Q3 2025 to $15,823 million, and by $198 million (1%) year-over-year[51]

Core Insights - First Horizon Corporation reported a 1% increase in net income available to common shareholders for Q4 2025, totaling $257 million, with an earnings per share (EPS) of $0.52, and an adjusted basis EPS of $0.52, reflecting a 2% increase from Q3 2025 results [1][3] - For the full year 2025, the company achieved a net income of $956 million, resulting in an EPS of $1.87, which represents a 38% increase compared to the EPS of $1.36 in 2024 [1][2] Financial Performance - The fourth quarter net income available to common shareholders was $257 million, up from $254 million in Q3 2025, with EPS increasing from $0.50 to $0.52 [3] - Notable items in Q4 2025 resulted in a net after-tax reduction of $2 million, compared to a $9 million reduction in Q3 2025 [3] - Adjusted fourth quarter 2025 net income was $259 million, slightly down from $263 million in Q3 2025, with adjusted EPS remaining stable at $0.52 [3] Strategic Focus - The company aims to deepen client relationships, maximize revenue opportunities, and enhance products and capabilities as it enters 2026 [2][3] - The CEO emphasized the importance of disciplined risk management and a resilient balance sheet to support sustainable growth [3] Company Overview - First Horizon Corporation, headquartered in Memphis, TN, has $83.9 billion in assets as of December 31, 2025, and operates in 12 states in the southern U.S. [13] - The company offers a range of financial services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [13]

First Horizon Corporation is expected to report a 7% increase in EPS and a revenue rise to approximately $862.8 million for Q4.Analysts have revised the consensus EPS estimate upward by 3.1%, indicating potential investor interest and possible stock price movements.Despite a positive earnings outlook, First Horizon's shares recently saw a slight decline, with a Hold rating from TD Cowen analyst Janet Lee.First Horizon Corporation (NYSE:FHN), based in Memphis, Tennessee, is preparing to release its fourth-qu ...

Core Viewpoint - First Horizon National Corporation (FHN) is showing positive financial indicators with a potential upside in stock price, reflecting optimism from analysts regarding its future performance [1][6]. Financial Performance - FHN is expected to report quarterly earnings of $0.46 per share for the quarter ending December 2025, which represents a 7% increase from the previous year [2]. - Revenue forecasts for FHN are projected at $862 million for the quarter, indicating an 18.3% year-over-year growth [3]. Market Activity - FHN's stock has experienced a slight decrease of approximately 1.31% today, with a trading price of $24.15 [4]. - The stock has shown volatility over the past year, trading between a high of $24.91 and a low of $15.19 [4]. - FHN's market capitalization is approximately $12.43 billion, and today's trading volume on the NYSE is 1,212,059 shares, indicating active investor interest [5].

The upcoming report from First Horizon National (FHN) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 7% compared to the year-ago period. Analysts forecast revenues of $862.19 million, representing an increase of 18.3% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 3.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates durin ...

Core Insights - First Horizon Bank has appointed Ben Hopper as Senior Vice President, Head of Consumer Distribution and ATM Strategy, to enhance its physical and ATM network [1][2] - Hopper brings over 20 years of experience in retail and consumer banking strategy, having previously worked with USAA, First Horizon Bank, and Wells Fargo [2] - The bank aims to improve client service by aligning its branch and ATM network with client locations, investing in reliability and convenience, and integrating physical and digital channels for personalized service [2] Company Overview - First Horizon Corporation, with $83.2 billion in assets as of September 30, 2025, is a prominent regional financial services company based in Memphis, TN [3] - The company operates in 12 states primarily in the southern U.S. and offers a wide range of financial services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [3] - First Horizon has been recognized as one of the best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [3]

Core Insights - First Horizon announced several leadership promotions to enhance client service through local expertise [1][6] Leadership Promotions - Tony Adams has been promoted to Gulf States Regional President, focusing on strategic client opportunities in Louisiana, having significantly developed client relationships since joining in 2001 [2] - Jimmy Dunn has been elevated to New Orleans Market President, aiming to strengthen client relationships and market growth with a high-touch service model, having joined the company in 2014 [3] - Matt Phillips, previously managing the Texas Commercial Real Estate Group, will now serve as Regional President of the West Region, leveraging over 11 years of experience in Texas to guide client growth [4] - Alex Morton has transitioned from Birmingham Market President to Atlanta Market President, expected to capitalize on strategic hires and business momentum developed over the past eight years [5] Company Overview - First Horizon Corporation, with $83.2 billion in assets as of September 30, 2025, is a leading regional financial services company operating in 12 southern U.S. states [7] - The company offers a wide range of services including commercial, private banking, consumer, small business, wealth management, and mortgage banking [7] - First Horizon has been recognized as one of the best employers and a top reputable U.S. bank by Fortune and Forbes [7]

Core Viewpoint - Goldman Sachs has raised the price target for First Horizon (FHN) to $27 from $24 while maintaining a Neutral rating on the shares [1] Group 1: Market Performance - Regional banks underperformed the market by 200-300 basis points in 2025 due to macro concerns and credit worries [1] - Despite the underperformance, stocks rallied 13% late in the year [1] Group 2: Future Outlook - For 2026, solid loan growth, net interest income momentum, positive operating leverage, and improving returns are expected to support continued multi-year fundamental improvement [1] - Credit risk is identified as the main wildcard affecting future performance [1]

Core Insights - BOK Financial Corporation (BOKF) shares have increased by 17.9% over the past six months, significantly outperforming the industry growth of 3% and its peers, First Horizon Corporation (FHN) and Cullen/Frost Bankers, Inc. (CFR) [1][8] Performance Overview - The Zacks Consensus Estimate for BOKF's earnings for 2025 and 2026 has been revised upward, indicating a 1.1% and 7.7% rise respectively, reflecting analyst optimism about the company's future earnings [4][5][8] Growth Drivers - BOKF has experienced stable organic growth with a compound annual growth rate (CAGR) of 2% in loans over the six years ending in 2024, supported by a diversified business model and increased lending activity [9] - Deposits have also shown consistent growth, achieving a CAGR of 7.1% over the same period, bolstered by a balanced mix of commercial, consumer, wealth, and small business deposits [12] - The company expects loan growth of 5–7% in 2025, compared to $24.1 billion reported at the end of 2024, driven by a strong loan pipeline and rising deposit balances [15][16] Financial Metrics - BOKF's net interest income (NII) has benefited from higher interest rates, achieving a four-year CAGR of 2.8% through 2024, with continued growth in the first nine months of 2025 [17] - Despite a decline in net interest margin (NIM) to 2.75% in 2024 from 2.93% in 2023, NIM showed modest expansion in the first nine months of 2025 due to easing funding costs and improved asset yields [18] Asset Quality - The company has demonstrated strong improvement in asset quality, with non-performing assets declining at a CAGR of 24.6% over the five years ending in 2024, continuing to decline in the first nine months of 2025 [20] - Net charge-offs have recorded a five-year negative CAGR of 40.9% through 2024, indicating a resilient balance sheet capable of navigating potential economic slowdowns [21] Strategic Expansion - BOKF has strategically expanded into key neighboring markets, including a new office in Memphis, TN, and an expansion into the San Antonio market, enhancing its competitive standing [22][23] Capital Distribution - The company has a disciplined capital distribution strategy, raising its quarterly dividend by 3.6% to 57 cents per share in October 2024, with a current dividend yield of 2.11% [24][28] Near-Term Concerns - Rising operating expenses have recorded a CAGR of 3.4% over the six years ended 2024, expected to remain elevated due to ongoing investments in technology and higher employee-related compensation [29] - The company's liquidity position is relatively low compared to its elevated debt levels, with total debt of $4.2 billion against cash and equivalents of $1.4 billion as of September 30, 2025 [30] Valuation - BOKF stock is currently trading at a 12-month trailing price-to-earnings (P/E) ratio of 13.34X, higher than the industry's 12.98X, indicating a premium valuation [31] Conclusion - Despite near-term concerns, BOKF's consistent loan and deposit growth, improving asset quality, and favorable earnings estimate revisions suggest a well-run, growth-oriented bank with strong fundamentals and shareholder-friendly policies [34]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and positioned to capitalize on the onshoring trend driven by tariffs [5][6] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened by debt [8][10] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without the associated premium costs [9][10] Market Trends - The article discusses the broader trends of AI, energy, tariffs, and onshoring, emphasizing the interconnectedness of these sectors and the company's strategic positioning within them [6][14] - The influx of talent into the AI sector is mentioned, indicating a continuous stream of innovation and advancements that will drive future growth [12] Future Outlook - The potential for significant returns is highlighted, with projections suggesting a possible 100% return within 12 to 24 months for investors who act now [15][19] - The company is characterized as undervalued, trading at less than seven times earnings, which is considered an attractive entry point for investors [10][11]